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Sabeus Photonics Garners $16 Million in Development Funds

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CHATSWORTH, Calif., Dec. 11 -- Sabeus Photonics Inc. has attracted an additional $16 million in financing. The company plans to use the funds to develop and market additional `"high-concept" optical devices for optical networks. It will also expand its manufacturing facilities to provide higher capacity for current and future devices. This is the first closing of the company's third round of funding, bringing total financing to date to over $24 million. "Sabeus is a most refreshing startup," said Brad Jones of Redpoint Ventures, which led the company's first investment round, of the...Read full article

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    Published: December 2001
    industrialNews & Features

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